Initial unemployment insurance claims declined to 209,000 (-3.5% y/y) during the week ended August 3 from 217,000 in the prior week, revised from 215,000. The Action Economics Forecast Survey expected 215,000 initial claims. The four- [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
Global| Aug 08 2019U.S. Initial Claims for Unemployment Insurance Fall
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2019
U.S. Mortgage Loan Applications Increase as Interest Rates Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Index rose 5.3% (46.5% y/y) during the week ending August 2 following five consecutive weeks of decline. Applications to refinance a loan firmed 11.8% and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2019
U.S. Consumer Credit Usage Eases
Individuals pared back their borrowing needs in June, but it remains strong. Consumer credit outstanding increased $14.58 billion (5.1% y/y) after rising $17.81 billion in May, revised from $17.10 billion. It was the smallest increase [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2019
U.S. Home Affordability Improves as Mortgage Rates Decline
The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability Index improved 1.3% to 151.9 during June (10.3% y/y) after falling 1.6% in May. Despite the increase, affordability remained 28.8% below [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 07 2019
U.S. Mortgage Loan Applications Increase as Interest Rates Decline
The Mortgage Bankers Association reported that its total Mortgage Applications Index rose 5.3% (46.5% y/y) during the week ending August 2 following five consecutive weeks of decline. Applications to refinance a loan firmed 11.8% and [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2019
U.S. JOLTS: Job Openings Rate Slips; Hiring Rate Steadies
The Bureau of Labor Statistics reported that the total job openings rate eased to 4.6% during June from 4.7% in May, revised from 4.6%. It remained below the 4.8% record logged early this year. The job openings rate is the job [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 06 2019
U.S. Gasoline Price Declines
The pump price for a gallon of regular gasoline in the U.S. declined to $2.69 (-5.8% y/y) last week, the lowest price in six weeks. Haver Analytics calculates a series which is adjusted for the seasonal variation in gasoline pump [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 05 2019
U.S. ISM Nonmanufacturing Index Weakens, Along with Prices
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) declined to 53.7 during July from 55.1 in June. It was the lowest level since August 2016. The Action Economics Forecast Survey [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2019
U.S. Payroll Gain Moderates; Earnings Increase & Jobless Rate Steadies
Job growth eased during July. Nonfarm payrolls increased 164,000 (1.5% y/y) last month following a 193,000 June rise, revised from 224,000. May's increase also was revised lower to 62,000 from 72,000. So far this year, payrolls have [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 02 2019
U.S. Payroll Gain Moderates; Earnings Increase & Jobless Rate Steadies
Job growth eased during July. Nonfarm payrolls increased 164,000 (1.5% y/y) last month following a 193,000 June rise, revised from 224,000. May's increase also was revised lower to 62,000 from 72,000. So far this year, payrolls have [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2019
U.S. Light Vehicle Sales Fall Again
The Autodata Corporation reported that sales of light vehicles during July declined 2.0% (-0.7% y/y) to 16.89 million units (SAAR). The decline added to a 1.3% June shortfall and left sales at the lowest level since April. Earlier [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 01 2019
U.S. Construction Spending Unexpectedly Weakens
Building sector activity continues to weaken. The value of construction put-in-place fell 1.3% (-2.0% y/y) during June following a 0.5% May decline, revised from -0.8. A 0.3% rise had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
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